Study compares economic benefits of shale gas boom to cost of premature deaths caused by pollution
Wednesday, December 18, 2019
A Carnegie Mellon University study, published last month in Nature Sustainability, concluded that the economic benefits of shale gas drilling have amounted to less than the cost of premature deaths caused by pollution from the industry in Pennsylvania, Ohio and West Virginia, according to State Impact.
Between 2004 and 2016, shale development boosted the regional economy around these states by $21 billion dollars, which falls short of the cost of premature death related to industry pollution. The costs related to the 1,200 to 4,600 premature deaths linked to air pollution were $23 billion, according to the study.
The lead author of the study, Erin Mayfield, is a postdoctoral fellow at Princeton University. Mayfield studied the shale gas boom while a doctoral student at Carnegie Mellon. She wanted to build on the growing body of economic, environmental and health research to create a cost-benefit analysis of the gas industry over time.
Learn more: State Impact > Study: Shale gas development has brought economic benefits, but also premature deaths
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How often do royalty payments come?
Depending on the company, royalty payments can arrive monthly or quarterly.
Are my royalty payments transferable?
Yes. If you plan on selling your property, notify the gas company that is leasing your land and your realtor. They will make arrangements to allow the royalty payments to transfer to a different land owner.
What are royalties?
Royalties are payments from the gas company to the landowner as part of a lease agreement. Royalties payments cannot begin until production begins. The payments are dependent upon the market price of the resource.
sorry but if you are going to doa report on oil and gas wells you need to speak to people who have worked in the field for many yrs i have over 28 yrs working in the oil and gas trade starting fron helping to farc and complete wells and all the way to plugging wells and there is zero negative health effects duh i have old time friends who have 50 yrs in the bussiness zero problems actually i have been soaked all the way thru to the skin withg many types of oil and gas by products and to be honest the oil some times helps the skin ha ha